[ET Net News Agency, 18 April 2024] Morgan Stanley lowered the target price for WuXi XDC
(02268) to HKD39 from HKD40.6 and maintained the "overweight" rating.
The research house said the revenue forecasts are revised by 7%, 1%, and -4% for 2024,
2025, and 2026, respectively, due to an enlarged revenue base from reported 2023
financials and fewer CMO projects in 2025 and 2026. (rc)